Northern Trust Corp boosted its stake in Quantenna Comms (NASDAQ:QTNA) by 170.0% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 222,075 shares of the technology company’s stock after acquiring an additional 139,810 shares during the period. Northern Trust Corp owned 0.66% of Quantenna Comms worth $4,220,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in QTNA. FMR LLC lifted its stake in Quantenna Comms by 44.0% in the first quarter. FMR LLC now owns 523,411 shares of the technology company’s stock valued at $10,903,000 after buying an additional 159,811 shares during the period. Vanguard Group Inc. lifted its stake in Quantenna Comms by 50.3% in the first quarter. Vanguard Group Inc. now owns 320,565 shares of the technology company’s stock valued at $6,677,000 after buying an additional 107,262 shares during the period. RK Capital Management LLC lifted its stake in Quantenna Comms by 20.5% in the second quarter. RK Capital Management LLC now owns 294,882 shares of the technology company’s stock valued at $5,603,000 after buying an additional 50,100 shares during the period. Pier Capital LLC lifted its stake in Quantenna Comms by 2.8% in the second quarter. Pier Capital LLC now owns 216,656 shares of the technology company’s stock valued at $4,116,000 after buying an additional 5,968 shares during the period. Finally, Marshall Wace North America L.P. acquired a new position in Quantenna Comms in the second quarter valued at approximately $3,176,000. Institutional investors and hedge funds own 39.06% of the company’s stock.

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Quantenna Comms (NASDAQ QTNA) opened at $12.53 on Tuesday. The company has a current ratio of 4.06, a quick ratio of 3.51 and a debt-to-equity ratio of 0.01. Quantenna Comms has a 12-month low of $9.60 and a 12-month high of $25.45. The firm has a market capitalization of $439.20 and a P/E ratio of 124.70.

Several equities analysts have issued reports on QTNA shares. Needham & Company LLC dropped their price target on Quantenna Comms from $26.00 to $20.00 and set a “strong-buy” rating on the stock in a research note on Tuesday, November 7th. Barclays PLC lowered Quantenna Comms to an “equal weight” rating in a research note on Tuesday, November 7th. Roth Capital dropped their price target on Quantenna Comms from $27.00 to $17.00 and set a “buy” rating on the stock in a research note on Tuesday, November 7th. ValuEngine lowered Quantenna Comms from a “hold” rating to a “sell” rating in a research note on Tuesday, November 7th. Finally, Zacks Investment Research lowered Quantenna Comms from a “hold” rating to a “sell” rating in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, one has given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $21.50.

In other news, SVP Lionel Bonnot sold 5,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $10.72, for a total transaction of $58,960.00. Following the transaction, the senior vice president now directly owns 22,684 shares of the company’s stock, valued at $243,172.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP David William Carroll sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $17.53, for a total value of $122,710.00. Following the transaction, the senior vice president now directly owns 44,149 shares in the company, valued at $773,931.97. The disclosure for this sale can be found here. Insiders have sold 122,807 shares of company stock worth $2,009,839 over the last ninety days. 22.62% of the stock is owned by insiders.

Quantenna Comms Profile

Quantenna Communications, Inc is engaged in the design, development and marketing of wireless communication solutions enabling wireless local area networking. The Company’s solutions are designed to deliver wireless fidelity (Wi-Fi) performance to support various connected devices accessing a pool of digital content.

Institutional Ownership by Quarter for Quantenna Comms (NASDAQ:QTNA)

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